MULTI-PURPOSE LOAN |
OLD MEMBERS |
NEW MEMBERS |
MAXIMUM LOANABLE AMOUNT |
Net Pay 7,251 -7,500 P 100,000.00 Net Pay 9,751-10,000 150,000.00 Net Pay 12,251 and above 200,000.00 |
P 10,000.00 –initial loan P100,000.00- members for at least 18 months |
INTEREST PENALTY PROCESSING FEE |
8 % p.a. 1% p.a. P 300.00 |
8 % p.a. 1% p.a. P 300.00 |
OTHER CHARGES | Premium Insurance which will depend on the amount of loan | Premium Insurance which will depend on the amount of loan |
TERM OF LOAN |
36 MONTHS- 35,000.00 to 100,000.00 48 MONTHS- 105,000.00 to 150,000.00 60 MONTHS- 155,000.00 to 200,000.00 |
36 MONTHS OR 3 YEARS |
MODE OF PAYMENT | Straight Amortization thru payroll deduction |
EDUCATIONAL LOAN |
OLD MEMBERS |
NEW MEMBERS |
MAXIMUM LOANABLE AMOUNT |
Net Pay 4,751 -5,000 P 25,000.00 Net Pay 7,251 -7,500 75,000.00 |
P 10,000.00 –initial loan P 35,000.00 – members for at least 18 months |
INTEREST PENALTY PROCESSING FEE |
8 % p.a. 1% p.a. P 300.00 |
8 % p.a. 1% p.a. P 300.00 |
OTHER CHARGES | Premium Insurance which will depend on the amount of loan | Premium Insurance which will depend on the amount of loan |
TERM OF LOAN |
24 MONTHS – 10,000.00 to 25,000.00 36 MONTHS- 30,000.00 to 75,000.00 |
24 MONTHS – 10,000.00 to 25,000.00 36 MONTHS- 30,000.00 to 35,000.00 |
MODE OF PAYMENT | Straight Amortization thru payroll deduction |
EDUCATIONAL LOAN |
OLD MEMBERS |
NEW MEMBERS |
MAXIMUM LOANABLE AMOUNT |
Depends on the request of the borrower but not to exceed P 150,000.00 |
P 150,000.00 – members for at least 18 months
P 75,000.00- members for at least 1 year |
INTEREST PENALTY PROCESSING FEE |
6% p.a. 1% p.a. P 300.00 |
6% p.a. 1% p.a. P 300.00 |
OTHER CHARGES | Premium Insurance which will depend on the amount of loan | Premium Insurance which will depend on the amount of loan |
TERM OF LOAN |
36 MONTHS OR 3 YEARS |
36 MONTHS OR 3 YEARS |
MODE OF PAYMENT | Straight Amortization thru payroll deduction |
VEHICLE LOAN |
|
LOANABLE AMOUNT |
The maximum amount of loan shall be equal to cost of the vehicle plus other incidental fees and other charges. Provided, that the total maximum amount of loan shall be limited to the paying capacity of the applicant/borrower |
COVERED VEHICLES |
BRAND NEW ONLY, Second hand vehicle may be allowed provided that it is not more than 10 years of age; the vehicle is owned by first hand owner and the vehicle is not subject to an existing chattel mortgage |
INTEREST | 6% p.a. |
PENALTY |
1% per month |
PROCESSING FEE |
P 300,000.00 and below – P 300.00 300,001.00 – 500,000.00 – 500.00 500,001.00 – 700,000.00 – 700.00 700,001.00 – 900,000.00 – 1,000.00 Over 900,000.00 – 1,500.00 |
OTHER CHARGES |
Premium Insurance which will depend on the amount of loan |
TERM OF LOAN |
60 MONTHS |
MODE OF PAYMENT | Diminishing Amortization thru payroll deduction |
VEHICLE LOAN |
|
LOANABLE AMOUNT |
House Construction – Maximum of P 1,000,000.00 House Repairs/Renovation – Maximum of P 500,000.00 Equity Loan – Maximum of P 500,000.00 |
INTEREST
|
P 150,000.00 – 250,000.00 8% p.a. 251,000.00 – 350,000.00 8.5% p.a. 351,000.00 above 9% p.a. |
PENALTY | 1% per month |
PROCESSING FEE |
P 150,000.00 and below – P 200.00 151,000.00 – 250,000.00 – 400.00 251,000.00 – 350,000.00 – 600.00 351,000.00 – 450,000.00 – 800.00 Over 450,000.00 – 1,000.00 |
OTHER CHARGES |
Premium Insurance which will depend on the amount of loan |
TERM OF LOAN |
Depends on the amount of loan- Maximum of ten (10) years |
MODE OF PAYMENT |
Straight Amortization thru payroll deduction or Issuance of Post-dated checks |
QUICK LOAN |
|
LOANABLE AMOUNT |
Maximum of P 15,000.00 |
INTEREST
|
8% p.a. |
PENALTY | 1% per month |
PROCESSING FEE |
P 300.00 |
OTHER CHARGES |
Premium Insurance which will depend on the amount of loan |
TERM OF LOAN |
18 MONTHS |
MODE OF PAYMENT |
Straight Amortization thru payroll deduction or Issuance of Post-dated checks |
CALAMITY/EMERGENCY ASSISTANCE LOAN |
|
LOANABLE AMOUNT |
Should not exceed P50,000.00 |
INTEREST
|
5% p.a. |
PENALTY | 1% per month |
PROCESSING FEE |
P 300.00 |
OTHER CHARGES |
Premium Insurance which will depend on the amount of loan |
TERM OF LOAN |
1 yr to 3 yrs. |
MODE OF PAYMENT |
Straight Amortization thru payroll deduction or Issuance of Post-dated checks |
The Provident Fund was created at the Philippine Postal Corporation together with its rules and regulations for its establishment and administration per Board Resolution No. 93-116 dated 14 October 1993.)
Philpost Provident Fund Office 4th Flr. Manila Central Post Office Building, Liwasang Bonifacio, Manila
(02) 255-2018 ; 527-00-60 / (02) 256-1233